The review, which focused on 49 industrial units across 12 locations, highlights the urgent need for modern, fit-for-purpose industrial spaces to support local businesses and economic growth. The council’s Industrial Property Portfolio, part of its Economic Development Asset Class, currently comprises 56 properties, including industrial units, business lets, and a ground lease.
The Programme Business Case identifies Lockerbie as a potential new site to be included in the Borderlands Business Infrastructure Programme. This follows a detailed assessment of the estate’s condition, tenant needs, market value, and development potential. Lockerbie was found to offer significant opportunity for expansion with minimal disruption to existing tenants, making it a strong candidate for accelerated investment.
Councillor Andy Ferguson, Chair of the Economy and Infrastructure Committee, said:
“This review has provided us with a clear picture of the challenges and opportunities within our industrial estate portfolio and a need across our region, particularly for the smaller types of units. Our council must explore new was to not only encourage local business but generate income in these increasingly cash-strapped times. By investing strategically, we can better support local businesses, attract new enterprise, and ensure our assets deliver value for communities and the council.”
Other shortlisted sites for potential redevelopment include Newton Stewart, Eastriggs and Moffat. Proposed interventions range from replacing outdated units with high-quality modular buildings to improving site layout and circulation.
Subject to committee approval, the next phase will involve detailed design development, cost analysis, and timeline planning for each shortlisted site.
Vice Chair of the committee, Cllr Tony Berretti went on to say:
“The report also includes a review of the Borderlands Business Infrastructure Programme, which has not been formally revisited for several years, to ensure that it still aligns with our council’s plans and objectives during the current financial climate. The overall initiative reflects the council’s commitment to fostering sustainable economic development while addressing budgetary pressures and evolving business needs.”